Oil India (OIL) Q4 25/26 earnings summary

Executive summary

• Achieved highest daily crude oil production in a decade and record drilling/workover activity in FY26.

• Consolidated revenue grew 3% year-over-year to INR 38,981 Cr; PAT up 7% to INR 7,551 Cr.

• Audited standalone and consolidated financial results for FY26 were approved, with unmodified audit opinions.

• Market capitalization rose 32% from April 2025 to May 2026, reflecting strong shareholder returns.

• Strategic focus on upstream expansion, midstream infrastructure, downstream integration, and new energy investments.

Financial highlights

• Consolidated EBITDA reached INR 13,498 Cr; standalone EBITDA at INR 8,753 Cr.

• Standalone PAT at INR 4,455 Cr; EPS of INR 27.39; consolidated PAT at INR 7,551 Cr; consolidated EPS at INR 40.70.

• Dividend maintained at INR 11.5/share; final dividend of ₹1.00 per share recommended, with interim dividends of ₹3.50 and ₹7.00 per share paid.

• Net worth increased to INR 42,128 Cr (standalone) and INR 53,716 Cr (consolidated).

• Total assets (consolidated) as of 31st March 2026 stood at ₹1,23,848.04 crore.

Outlook and guidance

• Targeting 100 wells to be drilled in FY27, up from 74 in FY26.

• Capex planned at over INR 10,000 Cr for FY27, a 14% increase year-over-year.

• Crude oil production goal of 4 MMT in FY27, up from 3.5 MMT.

• Mozambique LNG project expected to commence gas production by end-2028 or early 2029.

• Continued focus on energy transition, with expansion in city gas and renewable energy segments.